A little over a year ago, Peter Gardner, a Louisiana developer, completed rehabbing an apartment building with 144 units and got a surprise so ugly it made him decide to move his business out of town. When the project began, …
BATON ROUGE, La. (AP) — As Louisiana lawmakers continue to discuss a proposed bill that would allocate $45 million to an incentive program designed to entice more insurers to the state and hopefully drive down premium costs, state Insurance Commissioner …
Ex-Oklahoma Insurance Exec to Head Lousiana Citizens Insurance A former Oklahoma insurance executive has been chosen to head the Louisiana Citizens Property Insurance Corp., the state’s property insurer of last resort. Richard Newberry has been named the new chief executive …
Louisiana’s property insurer of last resort expects to shift about 10,000 policies to private insurance companies for 2016, a move that will reduce premiums by roughly $20 million. Interim Chief Executive Officer Vijay Ramachandran told The Advocate seven private companies …
Louisiana Citizens Property Insurance Corp. may soon end the longstanding, and apparently unique, practice of selling policies that include a $10,000 deductible for non-hurricane damage. Chief Financial Officer Steve Cottrell tells The Advocate the percentage of personal lines policies with …
Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for Citizens Property Insurance Corp. (Citizens), the state’s insurer of last resort, has dropped by 50 percent from its all-time high in 2008. With this eighth round of the …
Premiums for almost all of Louisiana Citizens Property Insurance Corp.’s commercial customers will increase an average of 2.3 percent beginning in February, under a proposed rate filing. But the 307 customers whose properties lie below the Gulf Intracoastal Waterway will …
Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that have helped create a more competitive marketplace. “Following Hurricanes …
Louisiana Citizens Property Insurance Corp. will connect its policyholders with experienced, licensed and insured local contractors in a program with Home Depot. The state’s property insurer of last resort says the free and optional Property Pro-Net service is designed to …
As the peak of hurricane season approaches, the governing board for Louisiana’s property insurer of last resort agreed Wednesday to boost its bank line of credit, to give the company enough money to cover costs in case of a storm. …